Ryanair raises profit guidance and reports higher traffic

Ryanair Ltd. has raised its full-year traffic guidance to more than 90 million customers from 89 million, and increased its full-year after-tax profit guidance to a €810m-to-€830m range from its previous €770m-to-€750m.

The Dubling-based budget airline said its “Always Getting Better” customer programme delivered a better-than-expected November performance.

While seating capacity in November 2014 is 13% greater than in November 2013, the carrier’s November load factor increased by seven percentage points from 81% last year to its current 88%.

It has materially exceeded its first (winter) month load factor targets across several city pair markets where it is offering flights in direct competition to the longer established, more expensive airlines.

In Poland, its Warsaw (Modlin) to Gdansk (twice daily) and Wroclaw (2) had a first month load factor of 82%.

Source: Ryanair Ltd.

In the paired city flights where it competes directly with EasyJet, the first month load factor was 88%.